Examlex
A(n) ____ is a computer program that coordinates all the activities of computer hardware.
Dominant Strategy
A dominant strategy is the best course of action for a player no matter what the other players do, in game theory and economic strategy.
Nash Equilibria
A concept in game theory where no player can benefit by changing strategies if others keep their strategies unchanged.
Subsidized Payoffs
Financial benefits provided, often by a government, to support or encourage certain activities or reduce associated costs.
English Auction
A bidding process where the price of the item for sale ascends with each bid, and the highest bid at the auction's close wins.
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